HR703119th CongressWALLET

Main Street Tax Certainty Act

Sponsored By: Representative Smucker

Introduced

Summary

This bill would permanently preserve the qualified business income (QBI) deduction by removing the sunset provision in Internal Revenue Code section 199A.

Show full summary

The change would apply to taxable years beginning after December 31, 2025, so the deduction would be available for 2026 and later tax years. It achieves this by striking subsection (i) of section 199A and setting that effective date. Taxpayers with qualified business income would continue to claim the QBI deduction under the existing Section 199A rules for those years.

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Permanent pass-through business deduction

If enacted, the bill would make the qualified business income (QBI) deduction for pass-through businesses permanent. It would strike the rule that would have let the deduction expire. This would apply to taxable years beginning after December 31, 2025. Owners of sole proprietorships, partnerships, S corporation shareholders, and certain trusts and estates would continue to be able to claim the same deduction under the current rules.

Sponsors & CoSponsors

Sponsor

Smucker

PA • R

Cosponsors

  • Kelly (PA)

    PA • R

    Sponsored 1/23/2025

  • LaHood

    IL • R

    Sponsored 1/23/2025

  • Van Duyne

    TX • R

    Sponsored 1/23/2025

  • Buchanan

    FL • R

    Sponsored 1/23/2025

  • Miller (WV)

    WV • R

    Sponsored 1/23/2025

  • Feenstra

    IA • R

    Sponsored 1/23/2025

  • Murphy

    NC • R

    Sponsored 1/23/2025

  • Stauber

    MN • R

    Sponsored 1/23/2025

  • Joyce (PA)

    PA • R

    Sponsored 1/23/2025

  • Bost

    IL • R

    Sponsored 1/23/2025

  • Crenshaw

    TX • R

    Sponsored 1/23/2025

  • Meuser

    PA • R

    Sponsored 1/23/2025

  • Ellzey

    TX • R

    Sponsored 1/23/2025

  • Weber (TX)

    TX • R

    Sponsored 1/23/2025

  • Salazar

    FL • R

    Sponsored 1/23/2025

  • Clyde

    GA • R

    Sponsored 1/23/2025

  • Fitzgerald

    WI • R

    Sponsored 1/23/2025

  • Rouzer

    NC • R

    Sponsored 1/23/2025

  • Cammack

    FL • R

    Sponsored 1/23/2025

  • Finstad

    MN • R

    Sponsored 1/23/2025

  • Carter (GA)

    GA • R

    Sponsored 1/23/2025

  • Ciscomani

    AZ • R

    Sponsored 1/23/2025

  • Cline

    VA • R

    Sponsored 1/23/2025

  • Fong

    CA • R

    Sponsored 1/23/2025

  • Smith (NE)

    NE • R

    Sponsored 1/23/2025

  • Rulli

    OH • R

    Sponsored 1/23/2025

  • Moolenaar

    MI • R

    Sponsored 1/23/2025

  • Foxx

    NC • R

    Sponsored 1/23/2025

  • Lawler

    NY • R

    Sponsored 1/23/2025

  • Green (TN)

    TN • R

    Sponsored 1/23/2025

  • Rogers (KY)

    KY • R

    Sponsored 1/23/2025

  • Bice

    OK • R

    Sponsored 1/23/2025

  • Strong

    AL • R

    Sponsored 1/23/2025

  • Guest

    MS • R

    Sponsored 1/23/2025

  • Hudson

    NC • R

    Sponsored 1/23/2025

  • Kean

    NJ • R

    Sponsored 1/23/2025

  • Rogers (AL)

    AL • R

    Sponsored 1/23/2025

  • Nunn (IA)

    IA • R

    Sponsored 1/23/2025

  • Moran

    TX • R

    Sponsored 1/23/2025

  • Fallon

    TX • R

    Sponsored 1/23/2025

  • Edwards

    NC • R

    Sponsored 1/23/2025

  • Moore (WV)

    WV • R

    Sponsored 1/23/2025

  • Rutherford

    FL • R

    Sponsored 1/23/2025

  • Hern (OK)

    OK • R

    Sponsored 1/23/2025

  • Estes

    KS • R

    Sponsored 1/23/2025

  • Gottheimer

    NJ • D

    Sponsored 1/23/2025

  • Moore (UT)

    UT • R

    Sponsored 1/23/2025

  • Kustoff

    TN • R

    Sponsored 1/23/2025

  • Grothman

    WI • R

    Sponsored 1/23/2025

  • Van Orden

    WI • R

    Sponsored 1/23/2025

  • Fitzpatrick

    PA • R

    Sponsored 1/23/2025

  • Baird

    IN • R

    Sponsored 1/23/2025

  • Fleischmann

    TN • R

    Sponsored 1/23/2025

  • Carey

    OH • R

    Sponsored 1/23/2025

  • Griffith

    VA • R

    Sponsored 1/23/2025

  • Sessions

    TX • R

    Sponsored 1/23/2025

  • Webster (FL)

    FL • R

    Sponsored 1/23/2025

  • Kim

    CA • R

    Sponsored 1/23/2025

  • LaLota

    NY • R

    Sponsored 1/23/2025

  • Wilson (SC)

    SC • R

    Sponsored 1/23/2025

  • Zinke

    MT • R

    Sponsored 1/23/2025

  • Wagner

    MO • R

    Sponsored 1/23/2025

  • Scott, Austin

    GA • R

    Sponsored 1/23/2025

  • Alford

    MO • R

    Sponsored 1/23/2025

  • Fulcher

    ID • R

    Sponsored 1/23/2025

  • Balderson

    OH • R

    Sponsored 1/23/2025

  • Kiley (CA)

    CA • R

    Sponsored 1/23/2025

  • Garbarino

    NY • R

    Sponsored 1/23/2025

  • Barrett

    MI • R

    Sponsored 1/23/2025

  • Moore (AL)

    AL • R

    Sponsored 1/23/2025

  • Graves

    MO • R

    Sponsored 1/23/2025

  • Miller (OH)

    OH • R

    Sponsored 1/23/2025

  • Van Drew

    NJ • R

    Sponsored 1/23/2025

  • Ezell

    MS • R

    Sponsored 1/23/2025

  • Harshbarger

    TN • R

    Sponsored 1/23/2025

  • Maloy

    UT • R

    Sponsored 1/23/2025

  • Letlow

    LA • R

    Sponsored 1/23/2025

  • Hinson

    IA • R

    Sponsored 1/23/2025

  • Kiggans (VA)

    VA • R

    Sponsored 1/23/2025

  • Bacon

    NE • R

    Sponsored 1/23/2025

  • Begich

    AK • R

    Sponsored 1/23/2025

  • Valadao

    CA • R

    Sponsored 1/23/2025

  • Walberg

    MI • R

    Sponsored 1/23/2025

  • Kelly (MS)

    MS • R

    Sponsored 1/23/2025

  • Collins

    GA • R

    Sponsored 1/23/2025

  • Langworthy

    NY • R

    Sponsored 1/23/2025

  • Franklin, Scott

    FL • R

    Sponsored 1/23/2025

  • Bilirakis

    FL • R

    Sponsored 1/23/2025

  • Huizenga

    MI • R

    Sponsored 1/23/2025

  • Allen

    GA • R

    Sponsored 1/23/2025

  • Bergman

    MI • R

    Sponsored 1/23/2025

  • Higgins (LA)

    LA • R

    Sponsored 1/23/2025

  • Amodei (NV)

    NV • R

    Sponsored 1/23/2025

  • Thompson (PA)

    PA • R

    Sponsored 1/23/2025

  • Owens

    UT • R

    Sponsored 1/23/2025

  • Steil

    WI • R

    Sponsored 1/23/2025

  • Guthrie

    KY • R

    Sponsored 1/23/2025

  • Barr

    KY • R

    Sponsored 1/23/2025

  • Calvert

    CA • R

    Sponsored 1/23/2025

  • Wittman

    VA • R

    Sponsored 1/23/2025

  • Burchett

    TN • R

    Sponsored 1/23/2025

  • Newhouse

    WA • R

    Sponsored 1/23/2025

  • Mace

    SC • R

    Sponsored 1/23/2025

  • Mackenzie

    PA • R

    Sponsored 1/23/2025

  • Houchin

    IN • R

    Sponsored 1/23/2025

  • Williams (TX)

    TX • R

    Sponsored 1/23/2025

  • Tenney

    NY • R

    Sponsored 1/23/2025

  • Fischbach

    MN • R

    Sponsored 1/23/2025

  • Hageman

    WY • R

    Sponsored 1/23/2025

  • Steube

    FL • R

    Sponsored 1/23/2025

  • Gill (TX)

    TX • R

    Sponsored 1/23/2025

  • Schmidt

    KS • R

    Sponsored 1/23/2025

  • De La Cruz

    TX • R

    Sponsored 1/23/2025

  • McCormick

    GA • R

    Sponsored 1/23/2025

  • McDowell

    NC • R

    Sponsored 1/23/2025

  • Bresnahan

    PA • R

    Sponsored 1/23/2025

  • Miller-Meeks

    IA • R

    Sponsored 1/23/2025

  • Loudermilk

    GA • R

    Sponsored 1/23/2025

  • Yakym

    IN • R

    Sponsored 1/23/2025

  • Gooden

    TX • R

    Sponsored 1/23/2025

  • Johnson (SD)

    SD • R

    Sponsored 1/23/2025

  • Malliotakis

    NY • R

    Sponsored 1/23/2025

  • Perry

    PA • R

    Sponsored 1/23/2025

  • Burlison

    MO • R

    Sponsored 1/23/2025

  • Arrington

    TX • R

    Sponsored 1/23/2025

  • Bean (FL)

    FL • R

    Sponsored 1/23/2025

  • Timmons

    SC • R

    Sponsored 1/23/2025

  • Miller (IL)

    IL • R

    Sponsored 1/23/2025

  • LaMalfa

    CA • R

    Sponsored 1/23/2025

  • McCaul

    TX • R

    Sponsored 1/23/2025

  • Wied

    WI • R

    Sponsored 1/23/2025

  • Greene (GA)

    GA • R

    Sponsored 1/23/2025

  • Downing

    MT • R

    Sponsored 1/23/2025

  • Crank

    CO • R

    Sponsored 1/23/2025

  • Gimenez

    FL • R

    Sponsored 1/23/2025

  • Davidson

    OH • R

    Sponsored 1/23/2025

  • Lucas

    OK • R

    Sponsored 1/23/2025

  • Taylor

    OH • R

    Sponsored 1/23/2025

  • Moore (NC)

    NC • R

    Sponsored 1/23/2025

  • Luttrell

    TX • R

    Sponsored 1/23/2025

  • Schweikert

    AZ • R

    Sponsored 1/23/2025

  • Comer

    KY • R

    Sponsored 1/23/2025

  • Emmer

    MN • R

    Sponsored 1/23/2025

  • Joyce (OH)

    OH • R

    Sponsored 1/23/2025

  • Jack

    GA • R

    Sponsored 1/23/2025

  • Stutzman

    IN • R

    Sponsored 1/23/2025

  • Cuellar

    TX • D

    Sponsored 1/23/2025

  • Reschenthaler

    PA • R

    Sponsored 1/23/2025

  • Fry

    SC • R

    Sponsored 1/23/2025

  • Cole

    OK • R

    Sponsored 1/23/2025

  • Hill (AR)

    AR • R

    Sponsored 1/23/2025

  • Jackson (TX)

    TX • R

    Sponsored 1/23/2025

  • Mills

    FL • R

    Sponsored 1/23/2025

  • McGuire

    VA • R

    Sponsored 1/23/2025

  • Fedorchak

    ND • R

    Sponsored 1/24/2025

  • Ogles

    TN • R

    Sponsored 2/4/2025

  • Obernolte

    CA • R

    Sponsored 2/4/2025

  • Lee (FL)

    FL • R

    Sponsored 2/4/2025

  • Rose

    TN • R

    Sponsored 2/4/2025

  • Turner (OH)

    OH • R

    Sponsored 2/4/2025

  • Self

    TX • R

    Sponsored 2/4/2025

  • Messmer

    IN • R

    Sponsored 2/4/2025

  • Womack

    AR • R

    Sponsored 2/4/2025

  • Palmer

    AL • R

    Sponsored 2/4/2025

  • Westerman

    AR • R

    Sponsored 2/4/2025

  • Flood

    NE • R

    Sponsored 2/4/2025

  • Pfluger

    TX • R

    Sponsored 2/6/2025

  • Goldman (TX)

    TX • R

    Sponsored 2/10/2025

  • Latta

    OH • R

    Sponsored 2/11/2025

  • Mann

    KS • R

    Sponsored 2/14/2025

  • Simpson

    ID • R

    Sponsored 2/14/2025

  • Aderholt

    AL • R

    Sponsored 2/14/2025

  • Dunn (FL)

    FL • R

    Sponsored 2/21/2025

  • Shreve

    IN • R

    Sponsored 2/21/2025

  • Onder

    MO • R

    Sponsored 2/21/2025

  • Evans (CO)

    CO • R

    Sponsored 2/25/2025

  • Harrigan

    NC • R

    Sponsored 3/4/2025

  • Hurd (CO)

    CO • R

    Sponsored 3/21/2025

  • Tiffany

    WI • R

    Sponsored 3/26/2025

  • Harris (MD)

    MD • R

    Sponsored 3/26/2025

  • Baumgartner

    WA • R

    Sponsored 3/26/2025

  • Stefanik

    NY • R

    Sponsored 4/7/2025

  • Norman

    SC • R

    Sponsored 4/8/2025

  • Biggs (SC)

    SC • R

    Sponsored 4/9/2025

  • Knott

    NC • R

    Sponsored 4/28/2025

  • DesJarlais

    TN • R

    Sponsored 4/28/2025

  • Gonzales, Tony

    TX • R

    Sponsored 5/5/2025

  • Biggs (AZ)

    AZ • R

    Sponsored 5/15/2025

  • James

    MI • R

    Sponsored 5/21/2025

  • Jordan

    OH • R

    Sponsored 6/3/2025

  • Hunt

    TX • R

    Sponsored 6/9/2025

  • Bishop

    GA • D

    Sponsored 8/15/2025

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